Top news today: HCMC recovers land plot of over 4,000 m2 in An Lac; property market sees updates on projects and planning
In the real estate sector, Ho Chi Minh City has reportedly recovered a 4,086 m2 land plot in An Lac Ward that was previously assigned to Gia Long Real Estate to develop a high-rise housing project, but implementation had been slow. In another development, Da Nang was mentioned as having approved a 1/2000 detailed-planning scheme for the Khe Ram tourism area in Hai Van Ward, with plans that include a boat dock and a high-end resort zone, covering roughly 160 hectares. The news also points to updates to the Thủ Thiêm new urban area, where Thu Thiem Zeit River and Empire City are added to the list of housing projects that foreign investors are allowed to own. On the market and supply side, SkyWorld is set to develop more than 1,000 apartments in Lai Thieu Ward, featuring 1,101 units under the SkySOLIS project, along with additional supply of apartments and shophouses for the northern area of Ho Chi Minh City. In Ho Chi Minh City, other updates include Palm River adding riverside housing...